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Bank establishment is considered more dangerous than standing armies because of the power and influence they hold over the economy and society. Banks have the ability to control and manipulate financial markets, interest rates, and currency values, which can have far-reaching and devastating effects on the economy. Additionally, banks have the power to create money through the process of fractional reserve banking, which can lead to inflation and financial instability. Their actions can also lead to economic crises, such as the 2008 financial crisis, which had widespread repercussions on individuals, businesses, and governments. Furthermore, banks often operate with little oversight and regulation, allowing them to engage in risky and unethical practices that can harm consumers and the overall financial system. Their interconnectedness and size also make them “too big to fail,” leading to bailouts and taxpayer-funded rescues in times of crisis. In contrast, standing armies are typically under the control of governments and subject to strict regulations and oversight. While they can pose a threat to national security and engage in violent conflicts, their actions are generally more visible and predictable compared to the secretive and complex operations of banks. In summary , the power and influence wielded by banks in the global economy make them a more dangerous force than standing armies in terms of their potential to cause widespread harm and instability. Not financial advice do your own research.

Bank establishment is considered more dangerous than standing armies because of the power and influence they hold over the economy and society. Banks have the ability to control and manipulate financial markets, interest rates, and currency values, which can have far-reaching and devastating effects on the economy.

Additionally, banks have the power to create money through the process of fractional reserve banking, which can lead to inflation and financial instability. Their actions can also lead to economic crises, such as the 2008 financial crisis, which had widespread repercussions on individuals, businesses, and governments.

Furthermore, banks often operate with little oversight and regulation, allowing them to engage in risky and unethical practices that can harm consumers and the overall financial system. Their interconnectedness and size also make them “too big to fail,” leading to bailouts and taxpayer-funded rescues in times of crisis.

In contrast, standing armies are typically under the control of governments and subject to strict regulations and oversight. While they can pose a threat to national security and engage in violent conflicts, their actions are generally more visible and predictable compared to the secretive and complex operations of banks.

In summary , the power and influence wielded by banks in the global economy make them a more dangerous force than standing armies in terms of their potential to cause widespread harm and instability.

Not financial advice do your own research.

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It is good Pi can make many pioneers become millionaires and billionaires.❤️❤️❤️ When you have wealth, please remember to help our society and our world to become peaceful.🙏🙏🙏 You must realize the bonus Pi release mechanism is not released yet. I estimate it will take a very long time to release based on ecosystem development. So you should not count your big amount of bonus Pi from your reference. The security circle has been locked 100% for 3 years. After the first migration, the second migration is very little. For example, almost 2 years after the first migration, I only have 183 transferable Pi when I have a node and always 30 miners online. I locked 90%. So after 2 years, I only have 18 Pi available to use. Plus, after Pi Open Mainnet, all countries' governments will have capital gains tax and sales tax, income tax on Pi when it is defined as currency or cryptocurrency. In Canada, the capital gains tax rate is 67% after 6/28/24. Sales tax is around 15% or higher. Income tax will be around 20-50% according to your total income. Sales tax should be enforced when it is a currency. Capital gains tax will be enforced if you sell on the exchange market. Income tax will be enforced when you earn Pi as income. Therefore, you need to consider the above information. After all the above, it will not be easy to become a billionaire, especially after Open Mainnet, the speed will be very slow when a lot of miners join in. I estimate the speed will drop to 0.01 or lower in one year, which means 8.7 billion populations cannot be millionaires anymore. Only we pioneers who hold more than 1000 Pi have opportunities to be billionaires. Please remember, the pioneers who hold more than 1000 Pi are very limited, especially most of them sold their Pi already. Those who bought Pi accounts will be confiscated. After the above restrictions, if you can still be a billionaire, you must be very fortunate! Doris Yin 🪷 🪷 🪷
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